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Act now: The best health insurance offers we found for 2024

Review your health insurance and save with free cover, discounts and gift cards from Medibank, Bupa and more.

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Last updated: 05 March 2024
Fact-checked

Fact-checked

Checked for accuracy by our qualified fact-checkers, verifiers and subject experts. Find out more about fact-checking at CHOICE.

Need to know

  • With reports that health funds are planning a large premium increase, now is the time to compare policies and make sure you're still on the best deal
  • Big funds like Medibank, Bupa and NIB as well as a range of smaller funds are all offering sign-up deals to entice new members
  • We've come across a range of discounts and promo deals, including 4–12 weeks of free cover and gift cards

This year we're expecting a larger than usual health insurance premium increase, so it's a good time to compare your cover and make sure you're still on the best deal. If you find a better policy, check whether you can also benefit from a sign-up deal when switching your cover.

We've seen offers like 4–12 weeks of free cover, up to 140,000 Frequent Flyer points, and gift cards valued at up to $500. Some funds are also waiving waiting periods for services such as dental, optical or physiotherapy if you switch your cover.

Now is the perfect time to compare health insurance policies to make sure you're not paying more than you need to. We've gone through dozens of health insurer websites to find out what they're offering, so read on to see whether you can snap up a good deal. 

In March 2024 offers are available for:

  • AAMI
  • AHM 
  • AIA 
  • Apia 
  • Australian Seniors
  • Australian Unity 
  • Bupa 
  • CBHS – this is a restricted membership fund
  • Commonwealth Bank (AIA)
  • Doctors' Heath – this is a restricted membership fund
  • Frank
  • GMHBA
  • Health Partners
  • HIF
  • ING 
  • Latrobe
  • Medibank
  • Navy Health – this is a restricted membership fund
  • Nurses & Midwives – this is a restricted membership fund
  • NIB
  • Peoplecare
  • Qantas
  • Queensland Country Health
  • RT Health
  • St.LukesHealth
  • Suncorp
  • Teachers Health – this is a restricted membership fund
  • Union Health (TUH) – this is a restricted membership fund
  • Westfund.

When is a health insurance deal a good deal? 

A health insurance sign-up offer is a welcome bonus when switching your health insurance. Conditions apply and the best offers are often only available if you take out a top cover hospital and extras combined policy, so make sure the policy meets your needs and budget. A few weeks of free cover can be very costly in the long run if you take out a bad-value health insurance policy.

When comparing these deals, keep in mind that a better-value option may be to drop your extras insurance altogether (especially if you're not using it as much as you thought you would). Read our advice on whether you need extras health insurance.

A few weeks of free cover can be very costly in the long run if you take out a bad-value policy

Many health insurers also offer to waive some extras policy waiting periods, which is useful when taking out health insurance for the first time or when switching to a higher cover policy. If you currently have health insurance, you normally don't need to re-serve waiting periods when you switch.

Offers usually aren't available to current customers. Enter the promo code to receive the offer and be sure to take out the policy directly with the insurer, as policies taken out through commercial comparison websites often aren't eligible.

CHOICE tip: It never hurts to ask, even if the fund you want to join doesn't currently offer a deal. A CHOICE staff member was offered six weeks of free cover from a health fund even though this offer wasn't publicly advertised. 

Health insurance deals from Bupa, Medibank and NIB

Note: These deals are based on information collected from health fund websites on 4 March 2024. Conditions and exclusions apply, so make sure you understand all terms and conditions before taking out cover.

Health insurance sign-up offers from Australian Unity, GMHBA, ING, Qantas, Suncorp and more

Note: These sign-up offers are based on information collected from health fund websites on 4 March 2024. Conditions and exclusions apply, so make sure you understand all terms and conditions before taking out cover.

We care about accuracy. See something that's not quite right in this article? Let us know or read more about fact-checking at CHOICE.

Stock images: Getty, unless otherwise stated.